Examlex
Your proposal should address any objections to your plan that the audience might have.
Vendor-Managed Inventory
A replenishment strategy where the supplier is responsible for maintaining the inventory levels of their products at the customer's location.
Outsourcing
The business practice of hiring external vendors to perform services or produce goods that were previously handled internally, often to reduce costs or focus on core competencies.
Benchmark Firms
Companies that are considered to be the best in their industry or category and whose practices are used as a standard or comparison in benchmarking studies.
Supply-Chain Performance
The assessment of how effectively and efficiently a supply chain operates, often measured by metrics such as delivery time, quality, and cost.
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